The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harsh Pawan Agarwal & Others
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Awaiting price reaction for this filing.
Suditi Industries promoters Harsh Pawan Agarwal and Tanay Pawan Agarwal converted part of their convertible warrants into equity shares on March 9, 2026, through a preferential issue. Harsh fully converted his 24 lakh warrants, while Tanay partially converted 15 lakh warrants out of his 30 lakh. As a result, promoter group holdings rose from 2.25 crore shares (52.07%) to 2.64 crore shares (56.03%) on a post-issue basis. The total share count of the company increased from about 4.32 crore to 4.71 crore equity shares of Rs 10 each, expanding equity capital to roughly Rs 47.12 crore. Pawan Kishorilal Agarwal remains the single largest shareholder at 27.20% post-issue.
Positive signal for retail investors — promoters are increasing their equity stake from 52% to 56%, showing confidence in the business. However, this comes with about 9% dilution as new shares are issued, which could slightly weigh on per-share metrics like EPS. The remaining 45 lakh warrants (8.67% of diluted capital) keep some future dilution potential on the table.